Super- Priority Dip Note Sample Contracts

SUPER- PRIORITY DIP NOTE
Super- Priority Dip Note • September 11th, 2008 • Lexington Precision Corp • Fabricated rubber products, nec • New York

FOR VALUE RECEIVED, the undersigned, Lexington Precision Corporation and Lexington Rubber Group, Inc., each a Delaware corporation and a debtor in possession (collectively, the “Debtors”), hereby jointly and severally and unconditionally promise to pay to the order of Lubin Partners, LLC, a Delaware limited liability company, William B. Connor and ORA Associates, LLC, a New York limited liability company (collectively, the “Holders”), the aggregate principal sum of Two Million Dollars ($4,000,000), to be allocated among the Holders as follows:

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SUPER- PRIORITY DIP NOTE
Super- Priority Dip Note • May 16th, 2008 • Lexington Precision Corp • Fabricated rubber products, nec • New York

FOR VALUE RECEIVED, the undersigned, Lexington Precision Corporation and Lexington Rubber Group, Inc., each a Delaware corporation and a debtor in possession (collectively, the “Debtors”), hereby jointly and severally and unconditionally promise to pay to the order of Lubin Partners, LLC, a Delaware limited liability company, William B. Connor and ORA Associates, LLC, a New York limited liability company (collectively, the “Holders”), the aggregate principal sum of Two Million Dollars ($2,000,000), to be allocated among the Holders as follows:

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